Landing Rock Cash Management Introduces Special Certificates of Deposit

Landing Rock Group LLC (“Landing Rock”), an affiliate of Double Rock Corp., today announced that its pilot program of special CDs and odd term CDs has been successful and will now be part of the regular CDs offered. “The Landing Rock CD Marketplace continues to grow, and this year our customers are benefiting from CD specials and odd month CDs, “ said Landing Rock Senior Vice President, Robert Bent.

“In May of this year the Wall Street Journal wrote about certificates of deposit with “unusual terms” boasting higher than average market rates to consumers. Landing Rock has also seen banks and credit unions nationwide offering better rates with specials and odd month CDs,” said Bruce Bent II, President.

“Landing Rock offers hundreds of CDs from banks and credit unions nationwide which are updated twice daily. Since there’s now more talk in the market about the Federal Reserve Bank reducing interest rates before the end of 2024, we’ve been seeing customers trying to lock in higher rates for longer periods of time by purchasing more CDs.”

Odd month CDs are sometimes called “odd duration” or “odd term” CDs because they offer terms of 7, 8, or 13 months for example, while typical CDs mature in 3, 6, 9, and 12 months for example. One reason banks and credit unions offer these odd terms is to attract more deposits from new customers without offending existing customers who have purchased CDs at the standard terms. Landing Rock offers CDs with terms from 3 months to 10 years, where some pay interest at maturity and some monthly. It’s easy to open a Landing Rock Insured Deposit Account online and be able to view and purchase certificates of deposit.

Landing Rock Group LLC is an online cash management provider to direct customers such as individuals, institutions, large corporations, small businesses, and non-profit organizations, as well as financial advisors and their clients. Landing Rock is an affiliate of Double Rock Corporation, a leading cash management, financial technologies, and intellectual property company providing some of the world’s most innovative cash management and cash-related solutions to multiple industries. Potential customers are advised to read Landing Rock’s Terms and Conditions before investing.

Contacts:
Landing Rock
Robert Bent
SVP of Banking Relationships
rbent@landingrock.com
561-866-2820

Double Rock Corp.

Bruce Bent II
President
bbentii@landingrock.com